Our Risk Advisory Services help clients manage risk and uncertainty, from the boardroom to the network. We provide a broad array of services that allow clients to better measure, manage and control risk to enhance the reliability of systems and processes throughout their company.

Operational Risk

The Risk Advisory Operational Risk practice assists organisations in transforming the ways in which they leverage people, third-party relationships, technology, data, business processes, and controls to address their operational risks and elevate business performance. The practice assists organisations in developing integrated, strategically aligned risk management solutions that allow organisations to make strategic business decisions and drive them towards being a truly risk intelligent enterprise.

Description

We transform internal audit (IA) functions to achieve a high level of performance through a full range of outsourcing, cosourcing and technology and data analytic services. We team with, or serve as, our clients IA function to assist in process efficiency, fraud detection, operational quality, internal control, and regulatory compliance. We help our clients extend their IA oversight to gain a greater understanding of the risks related to evolving IT systems, applications, and other technologies

 

Value Delivered

  • We collaborate with our clients to support their existing IA function
  • We provide “on demand” deep and focused industry oriented, business, analytical, and risk and technical subject matter specialist internal audit capabilities on an as-needed basis to help clients build on existing strengths and improve the overall value of their IA function
  • As an outsourced service provider, we provide full IA services that can offer higher quality, flexibility, efficiency, and effectiveness at a greater value than an existing inhouse function
  • Our experience in emerging IT audit, cyber, security, governance, and risk issues better enables clients to navigate IT challenges

 

Offerings

  • Internal Audit Strategy, Effectiveness Advisory and Review
  • Internal Audit Outsourcing and Co-Sourcing
  • CEO/CFO Certification ICFR Testing
  • Information Technology Internal Audit

Description

Our Assurance includes three specific offerings:

  • Specialised IT Audit Services: delivering risk and control services related to IT, entity level, and business process controls
  • Audit Analytics: exploring data to discover and analyse patterns, identify anomalies, profile, and reveal relationships from large sets of client data
  • Third Party Assurance: addressing regulator and marketplace demand to manage third-party risk through our third-party optimisation services

 

Value Delivered

  • Identification and assessment of risks of material misstatement, including significant risks
  • Deep technical skills and industry knowledge applied to data and control testing activities
  • Increased persuasiveness of audit evidence
  • Improved efficiency and effectiveness of audit procedures
  • Results that identify trends in the underlying data or systems that can be used to support testing conclusions and generate meaningful insights that may be communicated to management and those charged with governance
  • Assurance for third parties in a “test once” and “satisfy many” reporting model

 

Offerings

  • Audit Analytics
  • IT Audit
  • Third Party Assurance

Description

We evaluate and manage the risks associated with an organisation’s extended enterprise – the ecosystem they operate in and which includes third parties such as outsourcers, licensees, alliances, suppliers and other business partnerships – by:

  • Maximising the performance of the extended enterprise and achieving strategic business objectives
  • Evaluating IT costs and limiting operational, financial, and legal risk related to the ownership and use of software, through point in- time solutions and ongoing managed service solutions

 

Value Delivered

We deliver value to our clients by helping them:

  • Assess, design and implement a strategically aligned EERM programme and operating model
  • Improve performance, reduce risk and enhance value derived from the use of third parties by conducting due diligence, ongoing third-party assessments and proactively sensing and responding to risks and opportunities
  • Leverage technology, innovative analytics and tools to transform and continuously enhance their extended enterprise risk management practice
  • Realise cost savings for software maintenance

 

Offerings

  • Business Partner Assurance
  • Third Party Advisory

Description

We help clients transform the ways in which they leverage people, technology, data, processes and controls to address their operational risks and drive performance within their business operations. We develop frameworks that include common risk taxonomies, risk assessments and reporting, business and IT process and controls assessment methods, and enabling tools and technologies

 

Value Delivered

We assist our clients with:

  • The transformation of the processes, controls and governance practices within their business operations by leveraging our deep industry knowledge combined with our domain experience, data analytics and controls capabilities
  • Assessment, design and transformation of business processes and operating models, including integration of business operations due to M&A activity
  • The design, implementation and transformation of operational risk strategies and programme
  • Implementation of sound anti-fraud programmemes

 

Offerings

  • Business Process and Controls Transformation
  • Operations Risk Strategy and Governance
  • Operations Risk Assessment, Monitoring and Reporting
  • Operational Integrity
  • Fraud Risk Management

Strategic & Reputation Risk

The Risk Advisory Strategic & Reputation Risk practice assists organisations in identifying and managing the risks that are most impactful to the long term success of the c-suite and board. Helping organisations and their boards gain insight into the requirements and expectations of leading corporate governance. The areas of focus include; holistic enterprise risk management; assessing, managing and exploiting the impacts of marketplace disruption and innovation; anticipating and managing risks that impact an organisation’s brand and reputation; anticipating, responding to and recovering from crisis events; and gaining insight and assurance relating to corporate sustainability programmes.

Description

We assist boards and their members to become more effective in overseeing their organisation’s key risks, strategy, and overall governance structure.

 

Value Delivered

We help our clients boards by:

  • Performing assessments to evaluate their current governance policies and procedures
  • Informing them of leading practices related to the oversight of key risks and challenges through interactive role-play scenarios
  • Benchmarking their board practices against leading practices and those of peer companies
  • Obtaining investors’ perspectives of their governance practices
  • Onboarding new chairs/board members utilising our Board Effectiveness Greenhouse Labs

 

Offerings

  • Board & Committee Governance Assessments
  • Board Effectiveness Labs
  • Board Governance Advisory
  • Corporate Secretarial Outsourcing

Description

We specialise in identifying, monitoring, and providing insights on trends and disruptors that could affect our clients competitive advantage, market position, and long-term performance. We assist our clients in:

  • Spotting trends and disruptors more quickly
  • Testing assumptions underlying strategic decisions
  • Providing ongoing insights on their strategic risks
  • Building an agile risk organisation that is capable of identifying and preparing for strategic risks

 

Value Delivered

  • More effectively identifying critical risks to the organization and their potential implications
  • Actively identifying opportunities for value creation by enhancing systemic awareness and gaining early insights on trends outside the organisation’s field of vision
  • Developing a culture of smart risk-taking to help balance the concepts of embracing situations with significant upside while mitigating against situations with downside
  • Preparing for the unexpected by developing risk programmes capable of identifying, tracking and management preparing to adapt or address those risks

 

Offerings

  • Enterprise Risk Management
  • Strategic Risk Discovery, Preparation & Response
  • Executive Risk Management Information

Regulatory Risk

The Risk Advisory Regulatory Risk practice assists organisations in managing the full lifecycle of regulatory risk, including: the development of strategies, structures and processes to anticipate and adapt to changes in the regulatory environment; design, assess, and transform the process, controls, and infrastructure needed to address the wide variety of specific regulations and regulatory risks; and respond to specific breakdowns in their regulatory compliance programmes.

Description

We can help clients design, assess, or transform the process, controls, and infrastructure needed to address the wide variety of specific regulations and regulatory risks that they face. More holistically, we assist clients in designing, assessing, and transforming their enterprise compliance programmes to preserve organisational value and create competitive advantage

 

Value Delivered

Our capabilities include:

  • Designing the target operating model
  • Assessing policies and procedures
  • Performing gap analysis against regulatory framework and expectations
  • Risk assessment
  • Implementing transformation programme
  • Testing and monitoring
  • Reporting and communication
  • Building the analytics and reporting structures to allow for ongoing measurement and monitoring
  • Using proprietary tools and accelerators including data management and simulation techniques

 

Offerings

  • Regulatory Compliance Operating Model Assessment
  • Regulatory Compliance Operating Model Design and Implementation
  • Regulatory Compliance Controls Testing and Remediation
  • Regulatory Compliance Monitoring, Analytics and Reporting

Financial Risk

The Risk Advisory Financial Risk practice assists organisations in managing their financial risk areas by helping design and implement governance, processes, models, data, technology, and reporting, including full transaction life-cycle support. Our practitioners combine focused experience, deep technical knowledge, leading industry experience, and a broad understanding of regulatory requirements with the goal of helping clients enhance transparency, efficiency, effectiveness,

compliance, and financial integrity on a sustained basis.

Description

We assist companies with accounting and financial reporting needs that often result from changing accounting and regulatory requirements, capital markets transactions, acquisition and divestiture transactions, and/or as a result of inquiry or findings. Robust accounting and financial reporting is complemented by sound financial integrity/ efficiency and transparent management reporting

 

Value Delivered

  • Reduce financial reporting risks and improve efficiency, while also addressing reputational and regulatory reporting risk
  • Drive value in the upfront structuring and back-end analysis of capital markets transactions to align accounting and financial reporting expectations
  • Provide pre-close transaction support such as delivering depreciation and amortisation calculations as well as deferred tax implications on a go-forward basis
  • Achieve financial integrity by addressing the spectrum of critical needs of today’s finance organisation
  • Deliver leading controllership that supports the execution and oversight of end-to-end finance

 

Offerings

  • Cost Transparency & Alignment
  • Financial Integrity
  • Accounting & Reporting Advisory Integration, Divestiture & Readiness Services
  • Finance Analytics

Description

We help clients assess, design and implement governance, processes, models, data and technology, and reporting related to market and credit risk management

 

Value Delivered

  • Design and implementation of appropriate responses to policy and regulatory changes that impact products across financial markets
  • Influencing decisions through involvement in industry discussions and initiatives
  • Develop more effective risk management administration of financial assets
  • Development and implementation of internal risk methodologies with regulatory requirements and expectations
  • Flexibility of reporting to accommodate standardised and ad hoc reporting

 

Offerings

  • Credit Risk Management
  • Market Risk Management
  • Market & Credit Risk Regulatory Services
  • Other Financial Risk Management Services